On the 10th of June, the EOS price moved across the $2.780 mark. The cryptocurrency traded within a day’s range of $2.75 — $2.78. Joy_Bangla is a TradingView analyst who has suggested that EOS will move toward the $11.75 mark next.
EOS has a market rank of 9, with a market capitalization of $2,601,414,518 US Dollars.
1-Day EOS price analysis (10th June)
EOS Price Chart by Trading View
At the beginning of the day’s trade, the EOSUSD pair was near the $2.750 mark. With ruffled price movements, the cryptocurrency saw a downtrend towards the $2.740 mark. After 18:30 GMT, the trading pair had moved across the $2.780 mark.
The EOSUSD trading pair approached a day’s high of $2.78 US Dollars while it returned towards the $2.745 level shortly after the increase in the price. At the time of writing, the EOSUSD trading pair was observed at $2.769 US Dollars.
The 20-Day Exponential Moving Average (EMA) was observed closing at $2.765, while the 50-Day Moving Average (MA) was seen at $2.764 at the time of closure.
EOS price movement, what’s next?
The TradingView analyst, Joy Bangla, explains that the Ichimoku may exhibit a C clamp that will allow it to move across the large Kumo cloud towards the other side.
The price target for the trade is placed at $11.75 US Dollars. The Relative Strength Index (RSI) approached a day’s low of 21.63 at 21:45 GMT.
This showed that the cryptocurrency was mildly oversold at the time. At 18:35 GMT, EOS appeared overbought with an RSI indicator at 84.76. At the time of writing, the technical indicator was observed at 55.10.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.